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6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2026-08-17), Codan's 6-Month Price Index is 1.31.
Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.
The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.
Codan 6-Month Price Index Related Terms
ASX:CDA vs COHR, KEYS, GRMN: 6-Month Price Index Comparison
For the Scientific & Technical Instruments subindustry, Codan's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Codan (ASX:CDA) has a 6-Month Price Index of 1.31 as of Aug. 17, 2026. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. View historical data on Codan and its competitors.
Is Codan's 6-Month Price Index too high?
Codan's current 6-Month Price Index is 1.31. Overall, Codan has a GF Score™ of 81/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Codan's 6-Month Price Index compare to COHR and KEYS?
Codan's 6-Month Price Index of 1.31 can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 6-Month Price Index for a Hardware company?
A good 6-Month Price Index depends on the Hardware industry context. However, 6-Month Price Index should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 6-Month Price Index mean?
A high 6-Month Price Index can signal that a stock is expensive relative to its fundamentals. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. View historical data on Codan and its competitors. Codan's current 6-Month Price Index is 1.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Codan stock overvalued right now?
Based on GuruFocus' analysis, Codan (ASX:CDA) is currently considered Significantly Overvalued. The stock's GF Value™ is A$21.18, compared to a current price of A$44.82 — trading 111.6% above its estimated fair value. The current 6-Month Price Index is 1.31. Codan's overall GF Score™ is 81/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 6-Month Price Index calculated?
6-Month Price Index is calculated from a company's financial statements. For Codan (ASX:CDA), the current 6-Month Price Index is 1.31 as of Aug. 17, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Codan (ASX:CDA) Overvalued in 2026?
Based on GuruFocus' analysis, Codan stock appears to be overvalued.
The current stock price of A$44.82 is trading 111.6% above its estimated GF Value™ of A$21.18.
GuruFocus considers Codan to be Significantly Overvalued.
Key valuation signals for ASX:CDA:
6-Month Price Index: 1.31
GF Value™: A$21.18 vs. price of A$44.82 (111.6% above fair value)
No single metric tells the full story. See the ASX:CDA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Codan designs and sells communications products and metal detection devices. Its global customer base includes military, security, emergency responders, broadcasters, government, humanitarian organizations, utilities, and mining. Earnings are skewed to its communications business. This business provides command center technology used to coordinate public transport, emergency services, utilities, and broadcasting. Codan also produces lightweight radios suitable for attaching to drones. In metal detection, it produces hand-held metal detection devices, sold to organizations and individuals such as gold prospectors and hobbyist treasure hunters. Customers also use this equipment for safety and security. About half of group revenue comes from North America, and one-fourth is from Europe.
81GF Score
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6-Month Price Index is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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